Market Research Future (Food and Beverages) Coffee Market Research Report | Page 3

Coffee Market Research Report - Global Forecast to 2023
2 Market Overview
As per the latest report by Market Research Future (MRFR), the global coffee market is expected to exhibit a 4.32%
CAGR, from 2018 to 2023 (forecast period). It is predicted to touch a valuation of USD 102,279.2 million by the end
of the forecast period. Coffee is a ready-to-drink beverage which is available in powdered form. It is consumed in
high volume globally thanks to its taste, feel, and caffeine content.
Rapid urbanization of cities coupled with the need for pick-me-up beverages to deal with current lifestyles is likely to
boost the market demand for coffee over the forecast period. This is supported by the emergence of various cafes
and increased expendable income levels of consumers. Changing tastes of drinkers and the launch of new brews
are predicted to boost the market valuation tremendously.
Fluctuating prices of coffee beans can pose a challenge to the market. But the development of organic coffee and
functional beverages is likely to assist the market in maintaining its status quo over the forecast period.
Regional Analysis:
Research analysts at MRFR use a combination of primary and secondary research to present readers with valuable
insights. Primary research entails interviews with industry stalwarts of prominent companies coupled with a look at
past and present trends. Keeping this in mind, future estimations are presented with valid proofs which are verified
by using trusted sources. Secondary research comprises data gathered from journals, white papers, company
websites, and paid databases.
The market size is predicted and segmented into various sub-segments for easy understanding. The final report is
filled with accurate statistics and graphs. Trends and insights can assist current and new players in the market in
making sound investments.
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